KAHOOT! AS: årsregnskap 2020 vs 2019
Grew 250% on revenue, weaker earnings, cash halved-plus
approved 2021-06-08; registry 2021-08-05; journal 2021 555001
Summary
What changed
Comparing Årsregnskap 2020 with 2019 for KAHOOT! AS. Revenue 69.79m NOK → 244.06m NOK (+249.7%). Net result -127.97m NOK → -201.39m NOK. Equity 593.52m NOK → 2.70m NOK.
On the constructive side: revenue rose. Pressures included: operating result weakened; net result weakened; equity eroded.
Also worth watching: sharp cash drawdown; paid-in equity reduced; book investments changed. All figures are taken from the published annual accounts for KAHOOT! AS.
At a glance
Scorecard
What improved
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↑
Revenue rose
Operating income / revenue moved from 69.79m NOK to 244.06m NOK (+249.7% YoY). Calculated
What deteriorated
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↓
Operating result weakened
Operating result -65.33m NOK → -106.17m NOK (op. margin -93.6% → -43.5%). Calculated
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↓
Net result weakened
Net result -127.97m NOK → -201.39m NOK (net margin -183.4% → -82.5%). Calculated
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↓
Equity eroded
Book equity 593.52m NOK → 2.70m NOK (equity ratio 88.0% → 87.0%). Calculated
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↓
Cash fell
Bank deposits 346.28m NOK → 2.14m NOK (-99.4% YoY). Calculated
Things to notice
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·
Sharp cash drawdown
Cash fell by more than 60% YoY (346.28m NOK → 2.14m NOK). Check whether funds moved to group receivables, investments, or operating burn. Interpretation
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·
Paid-in equity reduced
Paid-in equity fell 826.17m NOK → 3.18m NOK — check capital reduction, conversion, or reclassification. Interpretation
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·
Book investments changed
Investment / intangible book value 237.05m NOK → 800.4k NOK. Reported fact